Unemployment, March 2012 March 9, 2012Posted by geoff in News.
Unemployment time again, but this time the report isn’t half-bad. Unemployment stayed the same at 8.3%, but a number of people came back into the labor force, and the number of unhappy part-timers dropped. Labor force participation went up (from 63.7% to 63.9%)!
There is a slight downside. Of the 227K jobs added, 20% were in restaurants and another 20% were temp jobs, so not the best signs of a recovering economy – but hey, better than being jobs lost.
Here’s the chart:
I expect things to slow down a bit over the next couple of months. Rising gas prices are going to hamper the economy (again), which could lead us to another Doldrum Summer.